Strategic Investments completed the following transactions during 2024 (Click the icon to view the transactions.) Requirements 1. Journalize Strategic's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Strategic's 35% Naradon investment for the year ended December 31, 2024. ... Requirement 1. Journalize Strategic's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 500 shares of Naradon stock, paying $56 per share. The investment represents 35% ownership in Naradon's voting stock and Strategic has significant influence over Naradon. Strategic intends to hold the investment for the indefinite future. Date Debit Credit Accounts Equity InvestmentsNaradon Cash More info Jan. 14 28,000 28,000 Aug. 22: Received a cash dividend of $0.52 per share on the Naradon stock. Jan. 14 Purchased 500 shares of Naradon stock, paying $56 per share. The investment represents 35% ownership in Naradon's voting stock and Strategic has significant influence over Naradon. Strategic intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.52 per share on the Naradon stock. Dec. 31 Naradon's current market value of $51 per share Dec. 31 Naradon reported net income of $120,000 for the year ended 2024. Date Accounts Debit Credit Aug. 22 Cash 260 Equity Investments-Naradon 260 Print Done Dec. 31: Naradon's current market value is $51 per share. Date Accounts Debit Credit Dec. 31 No entry required Dec. 31: Naradon reported net income of $120,000 for the year ended 2024. Date Accounts Debit Credit Dec. 31